Ikhtisar:Zero Markets is a trading platform that provides access to various financial markets, including Forex, Commodities, Metals, Indices, and Crypto. It offers individuals the opportunity to trade these assets using popular trading platforms like MT4 and MT5. Zero Markets is relatively new, having been founded within the past 1-2 years. It is registered in Saint Vincent and the Grenadines, but it is important to note that it operates without regulation, which means it may not be subject to the same oversight and protection as regulated brokers. The platform offers a demo account for users to practice trading before committing real funds. While specific details about leverage are not mentioned, the spreads start from 0.0 pips, indicating competitive pricing. The minimum deposit required to start trading on Zero Markets is 100 AUG or its equivalent. The company provides customer support through various channels, including office visits, 24/5 live chat, phone support, and email.
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
Zero Markets Review Summary | |
Founded | 1-2 years |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | No regulation |
Market Instruments | Forex, Commodities, Metals, Indices, Crypto |
Demo Account | Available |
Leverage | N/A |
Spreads | From 0.0 pips |
Trading Platforms | MT4/MT5 |
Minimum Deposit | 100 AUG or equivalent |
Customer Support | 24/5 live chat, phone +61 (0)2 7908 3133, email support@zeromarkets.asia |
Zero Markets is a trading platform that provides access to various financial markets, including Forex, Commodities, Metals, Indices, and Crypto. It offers individuals the opportunity to trade these assets using popular trading platforms like MT4 and MT5. Zero Markets is relatively new, having been founded within the past 1-2 years. It is registered in Saint Vincent and the Grenadines, but it is important to note that it operates without regulation, which means it may not be subject to the same oversight and protection as regulated brokers. The platform offers a demo account for users to practice trading before committing real funds. While specific details about leverage are not mentioned, the spreads start from 0.0 pips, indicating competitive pricing. The minimum deposit required to start trading on Zero Markets is 100 AUG or its equivalent. The company provides customer support through various channels, including office visits, 24/5 live chat, phone support, and email.
Pros | Cons |
• Wide range of market instruments | • No regulation |
• Demo accounts and Islamic accounts are available | • Limited leverage information |
• Competitive spreads starting from 0.1 pips | • Relatively new company |
• MT4/5 platform supported | |
• Live chat supported |
There are many alternative brokers to Zero Markets depending on the specific needs and preferences of the trader. Some popular options include:
OANDA- OANDA is a reputable broker with a user-friendly platform, competitive spreads, and access to a wide range of markets, making it a popular choice for both beginner and experienced traders.
CMC Markets- CMC Markets is a trusted broker known for its advanced trading platforms, extensive research tools, and competitive pricing, making it a preferred choice for traders seeking comprehensive market analysis and execution capabilities.
IronFX- IronFX is a reliable broker offering a diverse range of trading instruments, multiple platform options, and strong customer support, making it suitable for traders looking for a comprehensive and customizable trading experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Zero Markets claims to provide segregation of funds. The retail client funds are always kept separate from the firm's capital, held by leading banks. Under no circumstance is client money used to meet company expenses.
However, Zero Markets currently has no valid regulation. When a brokerage operates outside the regulatory boundaries or has an abnormal regulatory status, it suggests a lack of oversight and compliance with industry standards. This can increase the risks associated with trading, including the potential for fraudulent activities or the inability to seek legal recourse in case of issues or disputes.
Zero Markets offers a comprehensive selection of market instruments across Forex, Commodities, Metals, Indices, and Crypto. This variety allows traders to explore different markets and potentially capitalize on opportunities based on their trading strategies and preferences.
In the Forex market, traders can engage in currency trading, speculating on the exchange rates between various currency pairs. This allows for potential profit opportunities from fluctuations in global currencies.
For those interested in commodities, Zero Markets provides access to a variety of commodities such as oil, natural gas, gold, silver, and agricultural products. Trading commodities can be appealing to investors looking to diversify their portfolios or capitalize on price movements in these physical assets.
Metals trading is another offering by Zero Markets, allowing traders to participate in the precious metals market. This includes trading in popular metals like gold and silver, which are often considered safe-haven assets and can be influenced by geopolitical events and economic factors.
Indices trading is also available on the Zero Markets platform. Traders can speculate on the performance of global stock market indices, such as the S&P 500, Dow Jones Industrial Average, or FTSE 100. This provides an opportunity to profit from the overall direction of a specific market or sector.
Lastly, Zero Markets offers trading in cryptocurrencies. This asset class has gained significant popularity in recent years, and traders can access various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. Crypto trading allows potential opportunities for volatility and price movements in the digital currency market.
Zero Markets offers a selection of account types, including the Super Zero Account, Standard Account, and Islamic Account. Traders can choose the account that best suits their trading style, goals, and religious considerations, with a minimum deposit requirement of 100 AUG or equivalent.
The Super Zero Account is designed for those who seek competitive pricing and low trading costs. This account type offers tight spreads starting from 0.0 pips, which can potentially benefit traders looking for favorable entry and exit levels. The Super Zero Account is ideal for experienced traders who value cost-efficiency and have a higher trading volume.
The Standard Account offered by Zero Markets aims to provide a balanced trading experience. This account type offers tight spreads starting from 1.0 pips. The Standard Account suits traders who prefer a versatile trading environment and may be suitable for both beginners and more experienced traders.
For individuals who require an account adhering to Islamic principles, Zero Markets offers an Islamic Account option. Islamic accounts are designed to comply with Shariah law, which prohibits activities such as charging or paying interest. These accounts provide an interest-free trading environment while still offering access to the various markets and trading instruments available on the platform. In order to open an Islamic Forex Account, a client must first open a MetaTrader 4(MT4) Platform account and then request for it to be converted into an Islamic Account.
For the Super Zero Account, Zero Markets boasts a spread starting from 0.0 pips. This indicates that traders using this account can potentially benefit from very tight spreads, allowing for more competitive pricing and potentially reducing trading costs. However, it's important to note that the specific conditions, liquidity providers, and market conditions may influence the actual spread experienced by traders.
In addition to the tight spreads, the Super Zero Account charges a commission of $2.5 per side. This means that for each trade executed, traders using this account type will pay a commission fee of $2.5. This commission-based structure can be advantageous for active traders who prefer transparency in their trading costs and are comfortable with paying a separate commission alongside the spread.
On the other hand, the Standard Account offered by Zero Markets provides a spread starting from 1.0 pips. While the spread is slightly higher compared to the Super Zero Account, it still offers competitive pricing for traders. The spread of 1.0 pips indicates that traders using the Standard Account will have a wider spread but can still take advantage of potentially favorable market conditions.
Unlike the Super Zero Account, the Standard Account does not charge a separate commission per trade. Traders using the Standard Account enjoy commission-free trading, meaning they do not have to pay an additional fee for each transaction executed. This commission-free structure may be more suitable for traders who prefer a simpler cost structure without separate commission charges.
For Islamic Forex Account, a client must first open a MetaTrader 4(MT4) Platform account and then request for it to be converted into an Islamic Account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commission (per lot) |
Zero Markets | From 0.0 | Variable |
OANDA | From 0.6 | Variable |
CMC Markets | From 0.3 | Variable |
IronFX | From 0.7 | Variable |
Please note that these values are approximate and may vary depending on market conditions and the type of account you have with each broker. It's always recommended to check with the respective brokers for the most up-to-date and accurate information on spreads and commissions.
Zero Markets provides its clients with access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform in the industry. It offers a user-friendly interface, advanced charting capabilities, and a comprehensive suite of tools for technical analysis. MetaTrader 5 (MT5) is the successor to MT4 and offers enhanced features and functionalities. Both MT4 and MT5 platforms offer comprehensive charting tools, a wide range of order types, real-time market quotes, and customizable trading interfaces. Traders can access their trading accounts, monitor positions, execute trades, and analyze market trends and patterns directly from the platform.
Zero Markets offers multiple deposits & withdrawals methods to provide flexibility for clients to access their funds. It accepts deposits via Neteller, Skrill, Online Banking, Finrax, INTERAC, STICPAY, Ebuy, Pagsmile, Epay, CryptoPay Plus (USDT), and Skrill LATAM, and withdrawals with Neteller, Skrill, Ebuy, Online Banking, Finrax, STICPAY, INTERAC, Epay, Tether, pix and Skrill LATAM. Most deposits are instant and free of charge, except Epay has 0.3%-0.8% deposit fee and Cryptopay Plus needs 24 hours to fund the deposit (weekend exclusive).
The processing time for most withdrawals at Zero Markets is mentioned to be 1 business day, while INTERAC withdrawal takes up to 36 hours. Also, this broker does charges different withdrawal fees vary on the method, more details can be found in the screenshots below.
An important note mentioned is that all account holders are now required to submit withdrawal requests from inside the client portal login. This requirement emphasizes the importance of security and ensures that withdrawal requests are authenticated and authorized by the account holder. By submitting withdrawal requests through the client portal login, clients can have peace of mind knowing that their funds are being handled securely and in accordance with the necessary protocols.
Zero Markets offers multiple channels for customer service, providing clients with various options to seek assistance and support. One of the available channels is a 24/5 live chat feature, allowing clients to engage in real-time conversations with the customer support team.
In addition to live chat, Zero Markets provides a phone contact option. Clients can reach the customer support team by calling the provided phone number: +61 (0)2 7908 3133.
Furthermore, Zero Markets offers email support for clients who prefer written communication or have non-urgent inquiries. Clients can contact the customer support team via the email address support@zeromarkets.asia.
Zero Markets offers a comprehensive educational program to help traders of all levels learn the basics of trading and develop their skills. The program includes video tutorials, articles, and a demo trading account.
The video tutorials cover a wide range of topics, from how to open a trading account to how to use technical analysis. The articles provide insights into different trading strategies and market conditions. The demo trading account allows traders to practice their trading skills without risking any real money.
In conclusion, Zero Markets is a trading platform that offers a range of market instruments, including Forex, Commodities, Metals, Indices, and Crypto. While the company is registered in Saint Vincent and the Grenadines, it is important to note that it operates without regulation. Zero Markets provides different account types, such as the Super Zero Account, Standard Account, and Islamic Account, catering to various trading preferences and needs. The availability of demo accounts allows users to practice trading and familiarize themselves with the platform before risking real funds.
Q 1: | Can I access a demo account on Zero Markets? |
A 1: | Yes. |
Q 2: | What customer support options are available on Zero Markets? |
A 2: | 24/5 live chat, phone +61 (0)2 7908 3133, email support@zeromarkets.asia. |
Q 3: | What is the minimum deposit for Zero Markets? |
A 3: | 100 AUG or equivalent. |